ECN and Market Maker questions | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

What Market Maker, STP and ECN brokers really are 0 replies

ECN vs Market Maker(MM) Forex Broker 34 replies

Can a Market Maker broker offer an ECN account? 15 replies

ECN & Market Maker survival guide 35 replies

STP/ECN vs Market Maker 1 reply

ECN and Market Maker questions

  • #1
  • First Post: Nov 4, 2007 12:10pm Nov 4, 2007 12:10pm
First of all, sorry for my questions but i'm newbie and trying to learn about forex

1)If i have an account ECN brokers like MB or hotspot, can i make 30k,300k or more?They are not losing when i'm winning aren't they?

2)If i make 9000K or 10000K without scalping per month with Market Makers (big ones like IBFX,DBFX or FXSol...) do they ban my account ?


Thanks a lot...
  • #2
  • Nov 4, 2007 12:15pm Nov 4, 2007 12:15pm
Quoting FXTR
First of all, sorry for my questions but i'm newbie and trying to learn about forex

1)If i have an account ECN brokers like MB or hotspot, can i make 30k,300k or more?They are not losing when i'm winning aren't they?

2)If i make 9000K or 10000K without scalping per month with Market Makers (big ones like IBFX,DBFX or FXSol...) do they ban my account ?


Thanks a lot...
I have made 30k+ on one trade w/ CNX and the only time I have heard of a broker giving a trader the boot was for news spike trading or scalping.
  • #3
  • Nov 6, 2007 10:23pm Nov 6, 2007 10:23pm
Thanks.


I have some information about MM and ECNs but i confused.As i know, If i make $6000 $7000 per month MM close my account after 3 or 4 months because they are losing money when i'm winning and they don't want this.I want to earn money in long term..

If i use ECN broker, i have to find a buyer when i am selling.This is true?How can i choice broker MM or ECN? I confused..Can somebody explain me?
  • #4
  • Nov 6, 2007 10:36pm Nov 6, 2007 10:36pm
FXTR,

To answer you question is to answer what kind of trader are you:

If you are a Scalper trade with ECN.
If you are a non-Scalper -> ECN or Market Makers.

Disregard the $6K~$10K a month concern. Alot more people make more than that every month.

End of answer.
I hope you know what scalping means.
  • #5
  • Nov 6, 2007 10:48pm Nov 6, 2007 10:48pm
Thanks for answer.I'm not scalper or news trader i'm just short term trader.If i choice big MM is everything will be good?If i'm not scalper is not problem for MM broker, i can earn more than $6k $7k per month.isn't it?
  • #6
  • Nov 6, 2007 11:21pm Nov 6, 2007 11:21pm
You can earn as much as possible. If you don't try to cheat your market maker that will be fine. I can only speak for Alpari UK (MT4 MM) and Oanda but both market makers have no problem with you if you make profits - no matter if these profits are $500 per month or $50,000.

Regards - Xaron
  • #7
  • Nov 13, 2007 10:02pm Nov 13, 2007 10:02pm
Quoting Xaron
You can earn as much as possible. If you don't try to cheat your market maker that will be fine. I can only speak for Alpari UK (MT4 MM) and Oanda but both market makers have no problem with you if you make profits - no matter if these profits are $500 per month or $50,000.

Regards - Xaron

I am customer of Oanda and they do not have problem of how much profit you make until and unless you are not betraying them. Just last month I made $5000 profit.
  • #8
  • Nov 14, 2007 10:28pm Nov 14, 2007 10:28pm
Thats great Neo that you made $5000 but I am not able to cross $2000 mark. I am trading with Oanda. I do not think they are going to cheat you as I have heard they are very honest in their trading.
  • #9
  • Nov 15, 2007 9:14am Nov 15, 2007 9:14am
Quoting Harry20
Thats great Neo that you made $5000 but I am not able to cross $2000 mark. I am trading with Oanda. I do not think they are going to cheat you as I have heard they are very honest in their trading.

They are one of the few
  • #10
  • Last Post: Nov 16, 2007 10:59am Nov 16, 2007 10:59am
Quoting Harry20
Thats great Neo that you made $5000 but I am not able to cross $2000 mark. I am trading with Oanda. I do not think they are going to cheat you as I have heard they are very honest in their trading.

But from the looks of it, you work for them and not actually use them
0 traders viewing now